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Green Light for Markets
What many people call a "disappointing week" is finally over. Both the crypto ecosystem and the other markets lost decent value over the last 2 weeks. After the big red candles, the crypto investors opened their eyes to a freshly green day thanks to the data coming from the U.S. economy. The reason why investors care about the data on Unemployment and Non-farm Payroll data is that they give us some ideas regarding the direction of the market in the short term.
Economic Calendar had a busy schedule as the important data came subsequently. After the speech by the FED in which Powell mentioned tapering will be prioritized and the quantitative tightening drops significantly.
For investors, this may also mean that the FED decided to " ease " before cutting the interest rates. Even the positive atmosphere in the global markets signs us the size of the upcoming mega bull market 🐂
Meanwhile, the crypto market does not sleep. We have positive news from Coinbase, Polkadot, InLEO and more!
Coinbase has never been outside the Hall of Fame. The exchange, and all other corporations of Coinbase, has always found a position in the market both in good and bad times successfully. During the bear market, no single Coinbase FUD was able to ruin the sentiment in the market as it is open for public offerings.
Also, the strongest side of the market is their operations in the U.S. where neither Binance nor any other foreign projects could compete against Coinbase in the long run. The Q1 2024 was great for Coinbase in terms of trading fees and staking revenue.
When we examine the balance sheet, there are some important details to be cautious about. Custodial Fees, Blockchain rewards, and other services added a lot of value to the platform. There is huge expectation from Coinbase for Q2 2024, when we are likely to have the starting of the bull market, too.
DePiIN is a new type of concept for the crypto ecosystem. The investors take positions in DePIN projects and they are eager to be a holder of it during the next cycle. The growth of DePIN is nothing surprising as the number of both DePIN and RWA are some of the most hyped concepts for this year.
Knowing the importance of the concepts, Polkadot team started to work on bringing / transfering new projects to the Polka Network which is a type of parachain. In addition to MapMatricks the layer 0 of Polkadot may host brand new OG projects as a "veteran" chain.
Finally, the updates on the side of InLEO's new cross-chain product called LeoDEX have been going on. The aggregator enables native Hive blockchain transactions with all other chains listed on Maya. Since its debut, LeoDex platform has been among the highest APR providers for the native token LEO & CACAO pool.
Soon, LeoDex will be the center of cross - chain transactions with a couple of clicks and very low cross - chain fees. Explore the introduction to LeoDex by a lion 🦁
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